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What is Total Cost Of Ownership?

 , updated on March 05, 2023
Total cost of ownership is a financial estimate that seeks to determine the full cost of an investment over its lifetime. This may include costs related to financing, insurance, acquisition, operations, maintenance, renewal, decommissioning and environmentally responsible disposal. In some cases it also includes opportunity costs. Estimates of total cost of ownership are typically used to compare business investments or options such as buying versus leasing.
Overview: Total Cost Of Ownership
Function
Financial Management
Management Accounting
Cost Benefit Analysis
Definition
An estimate of the full cost of an asset over its lifetime or a defined period of time.
Value
Identifying the full financial impact of a purchase or investment.
Related Techniques
Lifecycle Cost Analysis
Net Present Value

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